Bitcoin is an electronic currency, which is not issued by any government. It has received a lot of publicity, good and bad. Then one of those involved Charlie Shrem, one of the innovators was arrested for fraud et cetera. It turns out that he is a Jew. There's a surprise. Go for it? Steer clear of it? Wait until it settles down may be the best way to go. The inventor, Satoshi Nakamoto is a pseudonym for Craig Wright, an Australian - see http://www.telegraph.co.uk/technology/2016/05/02/bitcoin-creator-identified-as-australian-man-craig-wright/ - Australian professor Craig Wright reveals himself to be Bitcoin founder Satoshi Nakamoto
Getting practical, using bitcoin means buying them and selling them. HOW do you buy? Look at https://bitcoin.org/en/buy or what is bitcoin - how to get bitcoins
Electronic Currency Innovator Busted For Money Laundering And Drug Buys
Twenty-four year old Charlie Shrem – a Yeshiva [ Jew ] of Flatbush grad who is the CEO of the digital currency exchange BitInstant and the vice chairman of the Bitcoin Foundation, a nonprofit group aimed at promoting the digital currency – was arrested earlier this week with another man on money laundering charges.
PS Another Jew, another crook. Who would have thought it?
Charlie Shrem ex Wiki
"Shrem was born and raised in Brooklyn, New York.[5][6] He attended Yeshivah of Flatbush Joel Braverman High School[7][8][9][10] and graduated from Brooklyn College in 2011 with a Bachelor of Science in Economics and Finance.[5] He is Jewish and speaks English, Hebrew, and Arabic.[11][12]Career
Shrem started BitInstant while still in college,[1] with a $10,000 loan from his family.[13] He later got a $1.5 million investment from MacGuire Capital,[not in citation given] a member of whom is Winklevoss Capital Management,[14][15] in May 2013.Shrem spoke at the Bitcoin 2013 conference in San Jose, California describing the potential for initial fights between Bitcoin companies and regulators and the need for close collaboration between them to develop standards of 'Knowing Your Customer' policies.[16] He also serves as founding member and Vice Chairman of the Bitcoin Foundation,[13] and is co-owner of the Manhattan bar EVR, which accepts Bitcoins as payment.[17]
He resigned from the Bitcoin Foundation after his January 26, 2014 arrest.[18][19][20][21]
Legal issues
On January 26, 2014, Shrem was arrested at New York's JFK Airport on money laundering charges. Prosecutors allege that Shrem and another defendant, Robert Faiella, conspired to supply bitcoins to users of the original Silk Road marketplace.[22][23][24]Shrem was released on bail by U.S. Magistrate Judge Henry B. Pitman on January 28, on the condition that Shrem submit to electronic monitoring and live with his parents in their Marine Park, Brooklyn home. His family posted almost $1 million in property for bail.[25][26]"
Another Jew, another thief.
Bitcoin ex Wiki
Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money.[5] Conventionally "Bitcoin" capitalized refers to the technology and network whereas lowercase "bitcoins" refers to the currency itself.[6]Bitcoins are created by a process called mining, in which participants verify and record payments in exchange for transaction fees and newly minted bitcoins.[7] Users send and receive bitcoins using wallet software on a personal computer, mobile device, or a web application. Bitcoins can be obtained by mining or in exchange for products, services, or other currencies.[8]
Bitcoin has been a subject of scrutiny due to ties with illicit activity. In 2013, the FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time.[9] The US is considered Bitcoin-friendly compared to other governments, however.[10] In China, new rules restrict bitcoin exchange for local currency,[11] and the European Banking Authority has warned that Bitcoin lacks consumer protections.[12] Bitcoins can be stolen, and chargebacks are impossible.[13]
Commercial use of Bitcoin, illicit or otherwise, is currently small compared to its use by speculators, which has fueled price volatility.[14] Bitcoin as a form of payment for products and services has seen growth, however, and merchants have an incentive to accept the currency because transaction fees are lower than the 2–3% typically imposed by credit card processors.[15]"
Bitcoin Foundation ex Wiki
"The Bitcoin Foundation is a charitable foundation founded in September 2012 with a stated mission to "standardize, protect and promote the use of Bitcoin cryptographic money for the benefit of users worldwide."[1] The organization was modeled on the Linux Foundation and is funded mainly through grants made by for-profit companies that depend on the Bitcoin technology.[2]Lead Bitcoin developer Gavin Andresen is employed by the foundation as "chief scientist".[2] In June 2013, the foundation received media attention when it published a letter from the California Department of Financial Institutions requesting that they "cease and desist from conducting the business of money transmission in this state",[3] and again when it published their detailed response to the regulators.[4] In November 2013 Patrick Murck, general counsel of the Bitcoin Foundation, testified before a United States Senate committee convened to assess digital currencies, at which the reception of Bitcoin by lawmakers was generally positive.[5]
The foundation has been criticized by members of the Bitcoin community with claims that it only represents the "'big business'" side of Bitcoin, not the actual users...,"[6] and for being "actively in collusion with members of law enforcement and seeking approval from government legislators."[7]"
Is this set up legitimate?
Gavin Andresen ex Wiki
Gavin Andresen is the chief scientist at the Bitcoin Foundation.[1] He has access to the alert key that allows him to broadcast messages about critical network problems to all clients.[2]After graduating from Princeton University, Gavin began his career working on 3D graphics software at Silicon Graphics Computer Systems.[3] Since leaving Silicon Valley in 1996, Gavin has tackled a wide variety of software-related ventures, including CTO of an early voice-over-the-Internet startup and co-founder of a company that made multiplayer online games for blind people and their sighted friends.[4]
In April 2011, Forbes quoted Andresen as saying, "Bitcoin is designed to bring us back to a decentralized currency of the people," and "this is like better gold than gold."[5]
Most recently, Gavin has been the lead developer for the Bitcoin digital currency project, working to create a secure, stable "cash for the Internet."[6]
Gavin also created ClearCoin, an escrow-type of service, which was closed circa June 23, 2011.[7]"
BitInstant ex Wiki
BitInstant was a Bitcoin startup company based in New York City.[1] Founded in 2011 by Charlie Shrem, BitInstant provided a means to rapidly pay traditional funds to bitcoin exchanges.[2] As of January 2014, BitInstant's website is no longer available, displaying only a blank page.
FRED REED Plumbing The Chinese Dijjywan
Fred writes about the yuan, especially the digital version. It is going to change the world & the American government will not like it. Fred is asking others to help him understand it but he has thought aspects through. Worth a read & a think.
US Government Concerned China's Digital Yuan Could Threaten Dollar as the World's Dominant Reserve Currency [ 13 April 2021 ]
QUOTE
The U.S. government is reportedly increasing scrutiny of China’s digital yuan. Some government officials are concerned that the Chinese central bank digital currency “could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency,” Bloomberg reported Sunday, citing people familiar with the matter.Officials at the Treasury, State Department, Pentagon, and National Security Council are strengthening their efforts to understand the potential implications of China’s digital currency. Particularly, they want to understand how the digital yuan will be distributed and whether it could be used to evade U.S. sanctions.
China has been actively testing its digital currency backed by the central bank, People’s Bank of China (PBOC). Its rapid progress has renewed efforts in the U.S. to create a digital dollar, the publication conveyed, adding that the Biden administration is not currently planning to take any countermeasures against long-term threats from the digital yuan.
Meanwhile, the Fed is actively working on a digital dollar. Federal Reserve Chairman Jerome Powell said in February that the digital dollar is a “very high priority”” project for the Fed. “We are looking carefully, very carefully at the question of whether we should issue a digital dollar … We are the world’s reserve currency, and we have the responsibility to get this right. We don’t need to be the first. We need to get it right,” Powell affirmed.
Various Federal Reserve banks are working on a digital dollar. Recently, the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) said they plan to unveil at least two digital dollar prototypes in the third quarter.
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It sounds good to me because it sounds bad to American criminals. They get away with printing money willy nilly. If we do it they complain about forgery and put us in prison. They can do it, stealing from us because they have the power, the guns, Nukes etc. The Chinese do too. Whoops.
China Rolls Out Digital Yuan for Foreigners at the Olympics ex Wall Street Journal [ 16 February 2022 ]
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Visitors at the Winter Olympics are allowed to convert foreign currencies into the digital version of China’s yuan. WSJ’s Jing Yang exchanges U.S. dollars to buy a cup of coffee to show how the central bank is trying to expand the e-CNY’s reach. Photo Composite: Michelle Inez Simon
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Watch the video, see how it is done. Easy peasy.
Her Majesty's Government Will Lean On Bitcoin In Order To Extort Tax [ 5 December 2017 ]
The Treasury cares deeply about tax "evasion" when the little people do it. The stories about Pornography, Paedophile perverts etc. are just excuses for extortion. That is the real reason for their invention of "Money Laundering". What do they do with our money once they have their grubby hands on it? Steal it or waste it. Defence procurement is one highly profitable area for light fingered rogues. The Minister of whatever buys things at gross overvaluations then joins the company later. Corruption in Nigeria has a spot market; pay the bribe & get the result on the spot. English fraud has a futures market. Do the deal now get the pay off later. It makes proof harder. Why do you think Blair came in for millions afterwards? As to waste, see the next one.
Sam Bankman-Fried and the FTX Collapse - A Family Affaire [ 27 November 2022 ]
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In almost every state in the union there is a government agency or department with the name “Child Protective Services”. Its purported mission is to act as the long arm of a responsible community to protect children from their own parents or guardians when children are being mis-treated............ Good luck! But, at least, the aim is sensible, even if not, in the main, achievable.Usually, the targets are lower class blacks and white goyim families, where lack of money exacerbates what mainstream “upper middles” would view as an anti-social lifestyle.
However, given the rise to prominence of a new kind of upper class over the last 50 years, the need for a new kind of child protective services – one might call it “goyim protective services” suggests itself. That upper class, of course, is the new Jewish elite that now rules the United States. And if you doubt me, make a couple of quick calls to “Ye”, yeah, who, until a few days ago, used to be worth over a billion dollars, or a certain Mr. Irving, who, until a couple of days ago, used to play professional basketball..........
The need for such an agency raises its ugly head in what presumably was the completely anti-social upbringing of Sam Bankman-Fried, a child of enormous intellectual privilege, brought up in the most intellectually dominant of Jewish households. His case, sad to say, is simply a poster child for the upbringing of the children of powerful Jews who currently run our country, and whose children are presumably being prepared to continue to run – some might say ruin – our country. Sam’s shenanigans with FTX (a crypto exchange) and its related entity, Alemada Research, apparently a major crypto trader, may have resulted in hundreds of millions, and likely billions, of dollars of losses to FTX account holders and others, including left-wing charities and the Democrat Party, recipient of $40 million in the last election cycle. (As the poster boy for “effective altruism” said, “I wanted to get rich, not because I like money but because I wanted to give that money to charity.”)
No one knows for sure yet how much the losses are, but it looks really big. Huge..............
But no. His Royal Highness, Prince Sam, was not brought up in such a household. He was brought up in the upperest class of upper-class households, at which the Eddie Antars of the Brooklyn Jewish world could only gape in intimidated awe. Both Sam’s father, Joseph Bankman, and his mother, Barbara Fried, are professors at Stanford Law (incredibly, Barbara is also on the Board of Advisors of the Stanford Ethics in Society Program)...........
So, WHAT THE HELL WENT WRONG?
He was a Jew, that’s what went wrong.
Non-Jewish Americans simply have no comprehension of the cynicism and hatred in which most Jewish children, including – especially – upper class Jewish children, are raised............
Or maybe he didn’t. In fact, the deeper one digs into the FTX scandal, the conclusion becomes obvious: this is simply the Jewish ultra upper-class family writ large – intellectual and financial – fucking the rest of us. Could it be that the result of HRH Sammy’s upbringing is not a defect – but, instead, an intended attribute? He’s still apparently respectable enough to be invited to an elite New York Times-sponsored panel along with the likes of Janet Yellen, Mark Zuckerberg, Bibi Netanyahu, and Volodymyr Zelensky.
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Civus Non Nequissimus [ a pseudonym in bad Latin tells us at length and in detail that rich Jews are corrupt Jews that hate us. Is he wrong? Tell him if you think so but give reasons. Abuse is an admission that you have nothing worthwhile to say. Would naughty little Adolf agree?